Stellantis will extend the suspension of production of its Fiat 500 electric city car until Nov. 1 due to poor demand, the automaker said on Tuesday. The car is made at Stellantis' historic Mirafiori plant in Turin,

Stellantis, Fiat's parent company, slowed production operations at the Mirafiori plant in Turin, Italy in February noting it was a response to weak market demand for the electric Fiat 500e. The slowdown was set to have the plant operating at a single reduced eight-hour shift schedule. Previously the plant was running two shifts.

MILAN (Reuters) -Stellantis' chief Carlos Tavares will address an Italian parliamentary committee next week on the prospects for the carmaker's production in Italy, the company said on Tuesday, after it warned about poor demand for electric vehicles.

Stellantis will extend the suspension of production of its electric Fiat 500 city car until Nov. 1 due to poor demand, the automaker said on Tuesday. The electric Fiat 500 is made at Stellantis' historic Mirafiori plant in Turin,

Stellantis stock down 27.08% in past year, 40.17% year-to-date due to struggles in European electric vehicle market.

Stellantis N.V. ($FR:STLAP) ($STLA) announced that it will continue to halt the production of electric Fiat 500 amid weak demand for EVs (electric